Great Lakes Advisors LLC Acquires New Position in Arrow Electronics, Inc. $ARW

Great Lakes Advisors LLC bought a new stake in Arrow Electronics, Inc. (NYSE:ARW) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,869 shares of the technology company’s stock, valued at approximately $1,466,000.

Other hedge funds have also added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. acquired a new stake in shares of Arrow Electronics during the second quarter worth $47,000. Foster & Motley Inc. purchased a new position in shares of Arrow Electronics during the second quarter valued at approximately $2,900,000. Pzena Investment Management LLC bought a new stake in Arrow Electronics during the second quarter worth $26,712,000. Citizens Financial Group Inc. RI purchased a new stake in Arrow Electronics in the 2nd quarter valued at $402,000. Finally, BlackRock Inc. bought a new position in Arrow Electronics during the 2nd quarter valued at $1,070,534,000. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Arrow Electronics Price Performance

Shares of Arrow Electronics stock opened at $210.98 on Friday. The stock has a market capitalization of $10.74 billion, a price-to-earnings ratio of 13.48, a price-to-earnings-growth ratio of 0.32 and a beta of 1.20. The company has a fifty day moving average of $213.28 and a 200-day moving average of $186.80. Arrow Electronics, Inc. has a 52-week low of $101.79 and a 52-week high of $237.33. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.01 and a current ratio of 1.22.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $5.45 earnings per share for the quarter, beating the consensus estimate of $4.45 by $1.00. The business had revenue of $9.99 billion during the quarter, compared to analysts’ expectations of $9.67 billion. Arrow Electronics had a net margin of 2.26% and a return on equity of 13.41%. The firm’s revenue for the quarter was up 31.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.43 EPS. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS. Equities research analysts expect that Arrow Electronics, Inc. will post 20.44 EPS for the current year.

Arrow Electronics declared that its board has approved a share buyback plan on Wednesday, May 13th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the technology company to buy up to 9.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Arrow Electronics from $175.00 to $200.00 and gave the stock an “underweight” rating in a report on Friday, August 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Arrow Electronics in a research note on Tuesday, May 26th. Zacks Research cut shares of Arrow Electronics from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 3rd. Wall Street Zen raised shares of Arrow Electronics from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Finally, Truist Financial decreased their price objective on Arrow Electronics from $260.00 to $250.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Arrow Electronics has a consensus rating of “Hold” and an average target price of $233.25.

Arrow Electronics Company Profile

Arrow Electronics (NYSE: ARW) is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The company offers a broad portfolio of semiconductors, passives, connectors, electromechanical devices and embedded solutions, serving customers across diverse end markets including automotive, communications, computing, aerospace, defense and healthcare. Through its extensive supplier relationships, Arrow enables design engineers to identify and procure components required for the development of new electronic systems and devices.

In addition to component distribution, Arrow delivers value-added services such as design engineering support, supply chain management, global logistics and technical training.